Looking to diversify beyond PGHY? The ETFs below have historically moved differently from PGHY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PGHY
529 ETFs have low correlation with PGHY (below 0.3), 89 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.30 | -0.07 | 0.00 | 83 | Oil & Gas | PGHY vs UGA | |
| Invesco DB Energy Fund | -0.30 | -0.09 | 0.01 | 66 | Oil & Gas | PGHY vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.06 | 0.02 | 61 | Commodities | PGHY vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.28 | -0.06 | 0.02 | 56 | Commodities | PGHY vs COMT | |
| DoubleLine Commodity Strategy ETF | -0.27 | -0.06 | -0.06 | 58 | Commodities | PGHY vs DCMT |
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